Dealing with a joint mortgage when a relationship breaks down?

Heathenladd

How do you deal with a joint mortgage when your relationship breaks down?

I'm splitting up with my ex-partner, it has become inevitable, staying in the same house with her is becoming pretty intolerable and we both need to move on, we just about have tolerated each other living in the same house for a few years now.

We have a joint mortgage in both our names we paid an equal share for the first few years then i lost my well paid job by redundancy and she took on the majority of the payments for the last couple of years and i payed what i could each month. But the relationship has deteriorated, my money problems and illness have got in the way and now i need to get out.

We moved in together in 2008. Been paying the interest only for last 2 years. I think there is about £10k equity in the property if it was to sell. I'm not paying much each month now just covering food and council tax and some (what has come too feel like) rent to her, as I have been on ESA.

What are my rights and how should I begin? How much will I be expect to be paying out if I take my name off the mortgage for her and should I? Should she buy me out? I don't know where to start.

andyfromotley

You don't need advice of an internet forum, you need advice of a solicitor.

No two situations are alike and therefore even general advice can be misleading and useless. Even if people have been through something similar. Similar is not the same, really there is no substitute but to get proper legal advice.

Upsidedown_Bear

OP - you might find this useful:
http://www.advicenow.org.uk/living-together/breaking-up/
http://www.advicenow.org.uk/data/files/breaking-up-survival-guide-10-1-14-1123.pdf

Heathenladd

andyfromotley wrote: »

You don't need advice of an internet forum, you need advice of a solicitor.

No two situations are alike and therefore even general advice can be misleading and useless. Even if people have been through something similar. Similar is not the same, really there is no substitute but to get proper legal advice.

Yes i'm planning on getting some legal advice but i want to know where to start and what may be the implications and how i go about it. I know every one is different but i would like a little advice but none seems to be forthcoming.

getmore4less

unless she has the income to take on the mortgage, the lender won't allow a change of the mortgage.